W Cornelia Ave / N Lakewood Ave median real estate price is $885,945, which is more expensive than 96.8% of the neighborhoods in Illinois and 88.0% of the neighborhoods in the U.S.
The average rental price in W Cornelia Ave / N Lakewood Ave is currently $3,341, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 90.7% of the neighborhoods in Illinois.
W Cornelia Ave / N Lakewood Ave is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
W Cornelia Ave / N Lakewood Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the W Cornelia Ave / N Lakewood Ave neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 7.9% in W Cornelia Ave / N Lakewood Ave. NeighborhoodScout analysis shows that this rate is lower than 48.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Chicago, the W Cornelia Ave / N Lakewood Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
Of note is NeighborhoodScout's research finding that the W Cornelia Ave / N Lakewood Ave neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the W Cornelia Ave / N Lakewood Ave community truly stands out from the rest in this regard.
In addition, the rate of college educated adults in the W Cornelia Ave / N Lakewood Ave neighborhood is a unique characteristic of the neighborhood. 85.2% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 34.3% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 99.1% of all U.S. neighborhoods.
Also, think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the W Cornelia Ave / N Lakewood Ave neighborhood: a neighborhood in which more "urban sophisticates" live than 97.3% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals and college students.
Finally, with more than 1.7% of residents living with a same sex partner, W Cornelia Ave / N Lakewood Ave is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.8% of U.S. neighborhoods.
Real Estate
If you like crowded places, then you will probably enjoy the the W Cornelia Ave / N Lakewood Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.7% of neighborhoods in the U.S., with 28,569 people per square mile living here. Being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the W Cornelia Ave / N Lakewood Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The W Cornelia Ave / N Lakewood Ave neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 42.6% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.5% of America's neighborhoods.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The W Cornelia Ave / N Lakewood Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 64.8% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.6% of the neighborhoods in the United States.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 28.8% of the W Cornelia Ave / N Lakewood Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 98.1% of America's neighborhoods.
Occupations
Executives, managers and professionals make up 69.6% of the workforce in the W Cornelia Ave / N Lakewood Ave neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 95.3% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Diversity
Did you know that the W Cornelia Ave / N Lakewood Ave neighborhood has more Swiss and Yugoslav ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.0% of this neighborhood's residents have Swiss ancestry and 0.7% have Yugoslav ancestry.
Migration / Stability
Do you like to be surrounded by people from all over the country or world, with different perspectives and life experiences? Or do you instead prefer to be in a neighborhood where most residents have lived there for a long time, creating a sense of cohesiveness? NeighborhoodScout's analysis reveals that this neighborhood stands out among American neighborhoods for the uniqueness of the mobility of its residents. In the W Cornelia Ave / N Lakewood Ave neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.4% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the W Cornelia Ave / N Lakewood Ave neighborhood in Chicago are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 90.1% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the W Cornelia Ave / N Lakewood Ave neighborhood, 69.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 14.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (10.2%), and 6.2% in manufacturing and laborer occupations.
Languages
The most common language spoken in the W Cornelia Ave / N Lakewood Ave neighborhood is English, spoken by 89.6% of households. Some people also speak Spanish (3.0%).
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the W Cornelia Ave / N Lakewood Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Irish (17.7%). There are also a number of people of German ancestry (15.4%), and residents who report Italian roots (7.7%), and some of the residents are also of Polish ancestry (7.3%), along with some English ancestry residents (6.7%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in W Cornelia Ave / N Lakewood Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (50.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (32.7%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (28.8%) and 7.0% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
